Suburb Profile Report for St Lucia QLD (4067)

St Lucia House: Median price $1,090,000, Annual capital growth 5.28%, Number of sales 80, Weekly median advertised rent $540

St Lucia Unit: Median price $445,750, Annual capital growth 2.06%, Number of sales 142, Weekly median advertised rent $430

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in St Lucia have tracked just lower than the QLD average of 2.38% over the last 12 months.

If we look at median property appreciation over just the last three months, St Lucia has given property investors a paper return of 12.14%. This puts Suburb as 17 on a list of fastest fasting appreciating suburbs in QLD

At number 321th of QLD’s most discounted properties, St Lucia is in the bottom 40% of the state/territory when listing in order of most discounted to least.

With the median price for a house in St Lucia being $1090000 and the advertised rent reaching $540 the gross rental yield for property investors calculates out to be 2.58%

Property investors who have had real estate in St Lucia, 4067 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -4.96%

The five-year average increase in median property values for St Lucia,4067 has given property investors a potential capital gain of -4.75% across each of those five years.

LACK OF BUYER INTEREST may well be the reason that St Lucia is offering property investors an average of -6.14. This rate of discount on properties puts Suburb at number 149th in terms of most discounted suburbs in QLD

In the last year 142 properties changed hands in St Lucia, which puts it as the 65th most active market in QLD when comparing the number of sales per suburb.

A $430 per week rent on the median house gives suburb investors a gross yield of circa 5.02%, without taking into account capital value appreciation, which has been averaging out at 2.06%.

YIP MAG Information supplied by:

YIP MAG
March 2016

M
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W
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A highly popular Brisbane suburb, St Lucia is dominated by the main campus of the University of Queensland.Full summary A highly popular Brisbane suburb, St Lucia is dominated by the main campus of the University of Queensland.

It’s located just 4km from the Brisbane CBD and has a significant amount of Brisbane River frontage.

Aside from a high student population, the area draws a diverse crowd of wealthy professionals and families.

St Lucia will always be a popular area for students, but its leafy, riverside settings – conveniently close to the CBD – mean it will continue to have a future as a family area as well.

However, there are signs that affordability constraints are starting to bite.

With a median house value of $1.03m, there haven’t been that many takers during the past 12 months.

This is significantly lower than the 7% growth the suburb recorded the previous year, according to OnTheHouse.com.au.

Units are more affordable at under the $500k mark, but the growing supply near the river is weighing on prices.Close
Metrics i HOUSE UNIT
$1,090,000 $445,750
12.14% 1.31%
0.93% -4.96%
5.28% 2.06%
$540 $430
80 142
2.58% 5.02%
74.25 77.01

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
Find a mortgage broker in St Lucia QLD
Demographics
Total population 11194
Median household income ($/weekly) 1315
Median age of persons 23
Median housing loan repayment ($/monthly) 2167
Average household size 2.5
  • Census Count Percent(%)
    15-19 years 1890 16.9
    20-24 years 3335 29.8
    25-34 years 1908 17.0
    35-44 years 832 7.4
    55-64 years 784 7.0
    Others 2446 21.8
    Age Group
    Census Count Percent(%)
    Not Married 4683 62.4
    Registered Married 2278 30.3
    Defacto Relationship 547 7.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5874 55.7
    Croatia 629 6.0
    Malta 553 5.2
    Singapore 461 4.4
    Other 775 7.4
    Others 2248 21.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 593 5.9
    Christianity 4964 49.4
    Hinduism 199 2.0
    Islam 592 5.9
    No Religion 3608 35.9
    Others 101 1.0
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 267 8.5
    $400-$599 250 7.9
    $1,250-$1,499 254 8.1
    $1,500-$1,999 359 11.4
    $2,500-$2,999 345 10.9
    Others 1677 53.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 4355 44.6
    Employed, worked full-time 2168 22.2
    Employed, worked part-time 2165 22.2
    Unemployed, looking for work 761 7.8
    Employed, away from work 319 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 411 8.8
    Professionals 1981 42.6
    Community & personal service workers 565 12.1
    Clerical & administrative workers 610 13.1
    Sales 512 11.0
    Others 575 12.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 422 6.8
    Secondary 234 3.7
    Technical or Further Educational Institution 91 1.5
    University or other Tertiary Institutions 5370 85.9
    Other type of educational institution 70 1.1
    Others 64 1.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 4211 49.5
    Separate house 3684 43.3
    Semi-detached, row or terrace house, townhouse 595 7.0
    House or flat attached to a shop, office 13 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1945 56.7
    Fully owned 952 27.8
    Being purchased 521 15.2
    Other tenure type 12 0.3
    Tenure Type
Census 2011, ABS
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